Goldman Sachs Group set a €53.00 ($61.63) price target on Covestro (ETR:1COV) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on 1COV. Bank of America set a €40.00 ($46.51) target price on shares of Covestro and gave the stock a sell rating in a research report on Thursday, September 19th. Credit Suisse Group set a €45.00 ($52.33) target price on shares of Covestro and gave the stock a buy rating in a research report on Wednesday. DZ Bank restated a sell rating on shares of Covestro in a research report on Monday, October 28th. Berenberg Bank set a €50.00 ($58.14) price objective on shares of Covestro and gave the company a neutral rating in a research report on Tuesday, October 29th. Finally, Nord/LB set a €42.00 ($48.84) price objective on shares of Covestro and gave the company a neutral rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Covestro has a consensus rating of Hold and an average target price of €46.22 ($53.75).
Shares of 1COV opened at €40.64 ($47.26) on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 34.70. The stock has a market cap of $7.43 billion and a P/E ratio of 12.53. The company has a 50-day moving average of €42.03 and a two-hundred day moving average of €42.75. Covestro has a 12-month low of €37.30 ($43.37) and a 12-month high of €55.78 ($64.86).
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.
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